Affiliations

Admissions

After bringing and defending securities and fiduciary duty claims for 25 years, Steve believes that the greatest value proposition is to partner with his clients in pursuing accretive litigation strategies. As the co-creator of the firm's Appraisal Rights Litigation blog, the only online forum devoted to educating investors about how appraisal litigation can enhance their returns in M&A deals, Steve has become widely known for his insights on this underutilized but highly effective shareholder tool.

As a securities and complex commercial litigator focusing on corporate governance and shareholder rights, Steve also helps his investment fund clients with their contract and other business disputes.

Steve represents a broad range of clients, including investment funds and their portfolio companies, mortgage lenders and servicers, and public and privately held companies across different industry sectors. He relentlessly pursues the best course for each case while always striving to find the earliest possible exit from a litigation environment.

Steve's work also involves representing clients before the SEC and FINRA, and he regularly appears in New York, New Jersey, and Delaware courts. He is a member of FINRA's Board of Arbitrators.

EXPERIENCE

Represented shareholders in appraisal rights and other minority rights cases.

Defended client's constitutional right to a jury before Maryland's highest court. Watch the argument here.

Represented an online communications company in an action concerning the timely exercise of a contractual option to renew a license under a source code agreement, as reported at FaceTime Communications, Inc. v. Reuters Limited, 2008 WL 2853389 (S.D.N.Y. July 22, 2008).

Represented a former controlling stockholder in defense of the sale of a majority block of stock to competitors, resulting in a landmark decision of the Delaware Chancery Court, reported at Abraham v. Emerson Radio Corp., 901 A.2d 751 (Del. Ch. 2006).

Lowenstein Sandler is highlighted in Law360 for being appointed lead counsel in the appraisal proceedings of Stillwater Mining Co.

June 5, 2017

Steven M. Hecht comments in Law360 regarding the impact the Delaware Supreme Court's impending ruling in the DFC Global case will have on appraisal actions.

April 3, 2015

In The Recorder, Lawrence Rolnick and Steven Hecht discuss the securities suit brought by investment funds that opted out of a class action against Ecotality Inc. Although the court dismissed all of the class action claims, it upheld the claims brought by Lowenstein Sandler on behalf of the funds. The suit demands the return of the investors' $8 million investment after Ecotality executives allegedly hid problems with a government contract that constituted over 95 percent of its revenues.

January 30, 2015

In Thomson Reuters, Steven Hecht comments on the Delaware Chancery Court's decision that the merger price paid by the acquirer of Ancestry.com was the best indicator of its fair value.